to seize fire. they're the worst words in the english upon language. be careful when we talk about who there is a tax increase on. it is on the highest levels of income . by the way. i know this is not going to solve our problem. but you have to give a little to get a little. if you are looking for cuts across the board, you have to be willing to give a little. emac how do they work in the past? >> last time we saw a great compromise was the move in the 1990s to cut spending. and that is 1982. and under reagan.

and especially it went spiraling out of control. and entrepreneur capitalist did not create this crisis . it is higher taxes. it doesn't seem fair. >> in the past, very awn they promise all kinds of spending cuts. you get the tax hikes but not the spending cuts. i don't how we can say no deal is better than. so called fiscal push that we are expected to push without a deal will send us in recession next year. we have business men who are not hire they are halding back because of the fact we don't have a deal in place. it is creating. i am okay and i agree with rick unger. it is okay to see a tax increase for the top tax bracket right now . like to see the cuts put in place.

looking at the model under bill clinton is what we should do right now. >> clinton compromised with republicans and what they compromised on was lowering tax rates in 19nen. they lowered the capitol gains rate significantly and that boosted revenu for the government. >> they cut the rate of growth of spending and newt gingrich and republicans had support. and i promise sometime down the road i will pay it back. >> oh, and cut the rate of growth. if they were remotely serious.

>> like the movie, show me the money. i don't believe it in terms of the cuts . is it is high time we stop having the chinese to fund our welfare. i would start with a small tax that gets bigger and begger . steve, what ever level of cabinet departments. i will raise you one. but separately you will not have a bankrupt treasury. and let's talk about something else that is working steve, that is local government. look when scott walk yer governor chris christie. lowering tax rates and the public and economy likes it. >> the whole point of government is supposed to create an environment for

economic growth. history shows that countries with low tax rates end up having more revenue growth with a country raising the tax rate. governor walker just won that special election. not only does it seem to work but it is a popular thing to do. what is wrong with that. governor walker won the recall and saying he's popular is a stretch. we could have a long conversation on that. but let me add something. we have a reasonably low tax rate. we frame the argument as if we had a huge tax rate. no one is looking to do that. we'll take it back to the

clinton era. >> the american republican polls taxes shouldn't be 25 percent. 50 percent is a lot. >> the european organization oecd said the united states is a progressively taxed counselry. on the other side is spending. look. i inherited a lot of spending. no, pelosi and reid blew up spending of the us gdp. bad. >> ton one percent of the u.s. taxpayers pay more than the bottom 90 percent. talk about fairness. >> they pay more than the bottom 90 percent. but relative to the income that is not necessarily true. >> you are not going the buffet rule. that is not true either. what buffet pays is different than what most wealthy americans pay. i don't think you consider

razing taxings we need job growth and bring up revenues. until that people who have money should contribute money. >> why raise taxes dear debt and spending we did not ask for. you don't cut your way in prosperity. you get less of them . so when you destroy capitol and midsize businesses, guess what, we all suffer for it. look at europe. >> and bottom line is a compromise depends on the politicians philadelphiing the promises. they are not too good with that. >> to go to the rick's point judges. the government was spending 18 percent of the gdp at that point . now 24 percent. and we promised to make cuts. get it down to 18 percent and

then we'll talk. and listen, i have very sad news for mike, steve and liz, if you are paying a dollar out of the your paycheck your true taxes are two dollars. it is run up by the federal government. we cannot tax and spend to prosperity. >> that's the last word. coming up next. prices are finding going dan.

>> good morning, we are live from america's news headquarters. the united nations making a major decision in syria suspending the mission because of the escalating violence. the u.n. pulling out observers who will not conduct the patrols for safety concerns. they'll stay in their

locations until further notice. u.s. and other countries are determining if they need to intervene . new respects show the flames in colorado destroyed 100 homes. 52,000cracy cres were burned and firefighters are trying to put out the flames. they only contained 20 percent . thousands of people ordered out of their homes. it could be weeks before the flames are destroyed. now back on fox. have a good day. gasoline coming down, cough yebeans and corn plunging? but that is not so good. explain the flip side. >> supermarket can sell coffee at a cheaper price it will not

build more super markets. prices plummled in the great depression. if you want companies to invest and hire more people. smart regulatory costs and tax policy. that is preventing an expansion. >> prices coming down. >> i think it is less money for sheiks and russian gangsters and despots and multimillionaire and farmers and people who inherit the royalty and more money for the rest of us. and u.s. government is the biggest consumer of oil than anybody. and so j.p. morgan you fell better when you go to the car and it costs less. >> you have a little more money in the pocket. but we have a weak economy.

it will not, but keep the gdp number from getting weaker. i think it is terrible news . evidence that people are going to spend more of the money saving in the pump. you can see flat retail sales despite mother's day and memorial day. >> is it a good thing prices are coming down. >> i know what they are saying, we don't want to see a plunge in prices. but it is good for prices to come down for consumers. enjoy it while you can. we have two to three billion consumers coming in over sees. that will drive it for all commodities including oil and gas. weak dollar is out there and

taxes and regulations are out there. enjoy but don't put stock in. they know it is temporary and they are still holding back. >> victoria what do you think? >> i think it is right for everyone. it is both. >> i wouldn't get voted in though. it is not a good one. it is a fall and demand. cit translates to building on gas. and the cause. and bill, not only is it bad. and it is also good for us over here. >> that's what i am saying. we'll have more money and instead of sending it abroad to venezuela. we'll spend more.

no dumping money in the hands of the consumers and we would all be living the life of a great surge right now. . we are not. spending on planned equipment and planning and below 2006 levels . they have no confidence in the country right now. isn't that appointed. they are focused on whether people spend money. you can't spend if you are not earning money. >> and i agree. and there is another issue here, too. commodity prices are down and keeping inflation low. this is what ben bernanke needs to get the federal reserve. >> that's the problem. ben will be pumping the money

out and means that a weaker dollar and recovery. benjamin is keeping yields low and what is going on in europe. and what is he talking about? trump preneurs. >> my goes out and spend more i will blame you next week. >> and victoria, go ahead. month of lower gas prices and a nice pair of shoes. do we want consumers spending money and on businesses. >> the lower gas prices are good for businesses, too. i continuing is temporary and we shouldn't adjust our

behavior dramatically here. but high gas prices act as an attack on consumers and businesses. it is higher prices for everything. >> it gives them more cash to hire more people. look at the futures on coten. they are shooting up. left word for morgan and coming up. it will be on her. [bleep] forknet about washing your mouth out with soap. one town is ready to clean out your mouth for swearing. and first right here on forbes ahead of the white house. granting immunity to illegal immigrants and one college giving them a deep discount on tuition. is that fair to legal citizens paying full price.

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>> cost for higher education jumping but one college slashhing the tuition rate for not legal citizens but illegals.

>> a buzz over president obama announcing young illegal imgrapts can now stay and work in america. but a state college of dennerer is giving a special break to illegal imgrantts. starting this fall. they will pay $3300 a semester and less than half what out of state. this is beyond a dumb idea.

>> it is making a mockery of the rule of law. this scores the need for genuine reform on immigration. whether it is entry level jobs. make it legal so we know who is in here. but encouraging illegality. what is america about. >> this is great. i have happen to know it is not a subsidy to illegal immigrants and nor will it affect the taxpayer pockets. it is modeled after the failed asset bill. the president of the college expect enrollment to jumpp 160 percent. we have added revenues of two millionn over the next five years and more revenue means better tuition prices. >> okay. i want to go to victoria on this and read this is what the

college had to say. we don't deny students an opportunity. so why do we continue to create barriers. and all of this costs money. you have to pay for it in the end, right in >> i think morgan. i don't see how it is not a subsidies frankly. you are in state and get in state tuition break. it is presumably your family is paying taxes for the last 18 years was your life. and that is where i am all for you to give you legal opportunity. that is what the could you wantry is all about. it is the rule of law that we are going against. and encouraging them to be tax cheats and a band aid

approach. >> that is the strongest point. mayor bloomburg pointed out 75 percent of the illegals are paying taxes in his city. this is not a place where you have a lot of out of state students clamoring to come. it is more money in the system and not a subsidy. kids are trying to get to be productive and we are already punishing them by charging them a thousand more than what natural kids are. >> and subsittedies raise the price of anything. whether it is ethanoyl. we have seen that . solar panels . seen them raise the price with

those. there are numerous studies and the schools charge more. why raise the cost of the education when you have thousands of students that are in debt. makes no sense. >> we have run out of time. we are finding out how much it is costing to raise a child in the united states. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her

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continues with cheryl casone and cashing n supreme court may be days away of slamming. the white house may give them's new reason to smash down the thing. >> it is provisions in the law kick in . what happened to president obama's promise that costs would fall if we pass the law. hi, everyone i am cheryl casone and welcome to carbin' in. and tracey burns and christian dorsey . gary. welcome to all of you guys. johnathon you saw this coming. >> we predicted it on the show for over a year. goal of obama care is to destroy the private market for health and health care in this country and government got it 50 p